Philippine Peso Likely to Hit P54:$1 by year-end

As this article goes to press at 10:30 am, June 13th, 2018, the exchange rate stands at 53.10 Philippine pesos to 1 US dollar. The Manila Times  reports that Singapore-based bank DBS is predicting a fall to P54 versus the US dollar by the end of this year, 2018. Earlier forecasts posted in this website had predicted an even further decline of P56 to 1 USD by year’s end.

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Philippine Peso Hits Near 12-Year Low


“Philippine Peso Hits Near 12-Year Low” is good news for expats who convert their US Dollars to the Philippine Peso. The Manila Times reports that the peso weakened to a near 12-year low anew on Thursday. One bank analyst attributed the peso’s decline to a central bank decision to cut bank reserve requirements.

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